Canadian Air Show Facing Financial Difficulties | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 02.12.18

Airborne-UnManned 02.13.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

Airborne-YouTube

Airborne 02.12.18

Airborne-UnManned 02.13.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

Thu, Nov 08, 2012

Canadian Air Show Facing Financial Difficulties

Organizers Dealing with $350,000 In Debt

A barrel of red ink is threatening to cancel the Waterloo Air Show in Ontario, Canada. Organizers reportedly are trying to deal with a $350,000 (CAD) debt accumulated over the past couple of years. The show's producers said if they are not able to secure additional funding by next month, they will be forced to cancel next year's show.

Producers David White and Richard Cooper made an appeal before the Waterloo Regional Council Tuesday, seeking over $91,000 in assistance to stage the show. The 2012 edition of the show came up about $100,000 short, according to a report appearing in the Waterloo newspaper The Record. The show's organizers had counted on grant money, including $75,000 from the Canadian federal government, that did not come through, and the show was forced to cut some acts and events.

While some councillors were in favor of helping put on the show, others expressed concerns. Data provided by Tourism Ontario seems to indicate that the show's economic impact for the region has steeply declined, and the show's gate receipts appear to bear that out. Part of the reason for the event's deficit is a decline in revenue of $172,000 in 2012.

Cambridge Mayor Doug Craig said that while the council had helped non-profits in the past, he is not certain it can bail out a private concern like the air show. He said that if the council approves money for the air show, other private entities could come before the council seeking similar assistance. "Before we make any decisions, we need to get consensus on what our policy and attitude's going to be," he said.

The airport, of course, hopes the show can survive. Region of Waterloo International Airport Manager Chris Wood said the show is a great marketing opportunity for the airport, calling it "very important to us."

(File image of Canada's Snowbirds jet demonstration team, one of the acts that performed at the 2012 Waterloo Air Show)

FMI: http://waterlooairshow.com, www.regionofwaterloo.ca

Advertisement

More News

AMA Drone Report 02.15.18: AMA Expo East, Skydio R1, TSB Canada Report

Also: DJI Knowledge Quiz, GoFly Competition, Drone ID Rules Coming, FAA Unenthusiastic About Prosecuting? The Academy of Model Aeronautics will host the annual AMA Expo East at the>[...]

Airborne-Unmanned 02.13.18: FAA UAS Symposium, Airbus Delivers, Manned EHANG 184

Also: UAS Pilot Code, FAA Drone Program, SkyWatch Funding, Quantix Hybrid UAS For Farmers The FAA and AUVSI will co-host the 3rd Annual FAA Unmanned Aircraft Systems (UAS) Symposiu>[...]

Airborne 02.16.18: R66 Wire-Strike Protection, Elk v Helo, Trump Budget

Also: Red Bull Picks Hartzell, SNC Dream Chaser, CH-53K Demo's Vehicle Lift, Emirates Firms Up A380 Orders Robinson has added wire strike protection provisions to its R66 options l>[...]

Aero-News: Quote of the Day (02.18.18)

"As drones become more portable, intelligent and accessible, we expect to see more enthusiasts using this technology at home, on their travels and as a complementary tool for their>[...]

ANN's Daily Aero-Linx (02.18.18)

Aero Linx: The Canadian Business Aviation Association (CBAA) The Canadian Business Aviation Association (CBAA) is a non-profit association formed in 1961 as Canada’s voice fo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC